Otherwise, it might be too late.

Norfolk Southern (NYSE: NSC) closed yesterday at $51.66. So far the stock has hit a 52-week low of $26.69 and 52-week high of $52.84. Norfolk Southern stock has been showing support around 51.11 and resistance in the 52.27 range. Technical indicators for the stock are Bullish and S&P gives NSC a positive 4 STAR...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Railroad operator Norfolk Southern Corp. (NSC) saw its price target raised on Thursday by analysts at Barclays Capital. The analyst boosted its price target on NSC to $55 from a prior $51. Norfolk shares had closed at $51.96 on Wednesday. Barclays maintained its “Equal Weight” rating on the stock, as well as its 2009 and 2010 [...]

Brian Kelly of Kanundrum Research said on CNBC's Fast Money that he likes transport sector and thinks that the sector is a good play if you believe in the economic recovery.

Norfolk Southern Corp. (NYSE: NSC) is the stock Brian Kelly owns. He believes that a railroad trade is a bet on China and a coal. NSC gained 0.42% so far today.

United Parcel Service, Inc. (NYSE: UPS) is expecting a holiday season to be better than expected and its stock price gained 2.43%. FedEx (NYSE: FDX) is another company that could benefit if holiday season proves to be good. FDX gained 0.37% today.

Warren Buffett's comapny Berkshire Hathaway Inc. (NYSE: BRK.A), (NYSE: BRK.B) has planned to sell its stakes in Norfolk Southern Corp. (NYSE: NSC) and Union Pacific Corpn. (NYSE: UNP) before it completes its purchase of Burlington Northern Santa Fe Corp. (NYSE: BNI), according to its latest documents filed with the Securities and Exchange Commission (SEC) on Monday.

Last week, Berkshire agreed to buy the railroad company Burlington Northern (NYSE: BNI) for $26.3 billion.

The move could mean that Norfolk Southern Corp. (NSC) stock and that of Union Pacific Corp. (UNP) could face some selling pressure, if Berkshire Hathaway Inc. (BRK.A), (BRK.B) uses open market market route to sell off the Union Pacific Corp. (UNP) and Norfolk Southern Corp. (NSC) stocks.

As the old saying goes, “You’re either a contrarian, or a victim.” It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese. And nobody takes that to heart more than Lou does. I’ve scratched my head in bewilderment on many occasions after reading one of Lou’s bold ...

by David Fessler, Energy & Infrastructure Expert Friday, November 20, 2009: Issue #1142 As the old saying goes, “You’re either a contrarian, or a victim.” It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese. And nobody takes that to heart more than Lou does. I’ve scratched my [...]

(IYT) The Transportation Sector: Here Are Three Investments in a Sector That’s Ready to Soar

As the old saying goes, “You’re either a contrarian, or a victim.” It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese. And nobody takes that to heart more than Lou does. I’ve scratched my head in bewilderment on many occasions after reading one of Lou’s bold predictions – only to see his intuition prove uncanny time after time.[More...]

• Priceline.com (NASDAQ:PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about $1.06-$1.16

• Electronic Arts (NASDAQ:ERTS) said it plans to cut 1500 additional jobs. The firm reported second quarter adjusted earnings of 6 cents, a one penny miss, on revenues of $1.15 billion, which slightly topped Street projections of $1.12 billion. The firm forecast 2010 earnings of $0.70-$1.00, topping estimates of 89 cents on revenues of $4.2-$4.4 billion versus estimates of $4.26 billion

• Cadbury (NYSE:CBY) rejected the latest Kraft (NYSE:KFT) bid calling it "derisory"

• Moody's (NYSE:MCO) commented that AIG (NYSE:AIG) will be able to repay its Federal loans

• Wells Fargo (NYSE:WFC) lifted its growth expectations for the semiconductor group following release of third quarter numbers. Intel (NASDAQ:INTC) remained its first pick within the group, with "outperform" ratings also on Micron Tech (NYSE:MU) and Xilinx (NASDAQ:XLNX). Analysts increased 2010 growth expectations of 25% for the industry from 10-20% prior

• Goldman Sachs (NYSE:GS) added Polo Ralph Lauren (NYSE:RL) to its Conviction Buy List, with a price target of $94

• Goldman Sachs (NYSE:GS) also added Kroger (NYSE:KR) to its Conviction Buy List, with a price target of $27

• Goldman Sachs (NYSE:GS) removed Coca-Cola Enterprises (NYSE:CCE) from its Conviction Buy List, but maintained a "buy" rating on the shares

• Tyco International (NYSE:TYC) released better-than-expected third quarter earnings of 61 cents a share, 7 cents above estimates, on revenues of $4.42 billion, slightly higher than estimates of $4.32 billion

• Burlington Northern (NYSE:BNI) CEO advised Berkshire Hathaway (NYSE:BRK.A) is liquidating shares of rival railroads Norfolk Southern Corp. (NYSE:NSC) and Union Pacific (NYSE:UNP) as it readies its purchase of Burlington

• Google (NASDAQ:GOOG) moved further into the market for digital advertising on cell phones with the acquisition of AdMob for $750 million

Zacks Investment Research

Just when it looked like the prophecies of Nostradamus may be coming true, a white knight, in the form of Warren Buffet, strode in and saved the day. Buffet’s buy of Burlington Northern (BNI) turned the US equities markets from ugly duckling to suave Prince. The purchase was hailed by the Oracle himself ...

Companies featured in this segment: Norfolk Southern Corporation’s (NYSE:NSC), CSX Corporation (NYSE:CSX), Northrop Grumman Corporation (NYSE:NOC), Allegheny Energy (NYSE:AYE), Ameren Services Company (NYSE:AEE), Vectren Corporation (NYSE:VVC), American Electric Power (NYSE:AEP), Duke Energy Corporation’s (NYSE:DUK), AREVA (EPA:CEI)

Two Veteran Wall Street Analysts discuss: (Val:) NSC, CKR, CBG; (Vern:) HSC, ECOL, FWRD

Tom Dorsey and Tammy DeRosier - When Nothing Seems To Work As It Should

Andrea Kramer takes a look at today's unusual options activity.